Hero, forming Manga U.S. while Manga UK entered the Australian market in late 1993 and began releasing titles in January 1994 in conjunction with the Australian division of Island's parent company, PolyGram (through PolyGram Video) and local independent distributor Siren Entertainment.

In 2011, Manga U.S. ceased licensing new products after the release of Redline and was absorbed into Starz Media.

On February 26, 2015, the UK branch was acquired from Starz Media, alongside its parent Anchor Bay UK, by managing director Colin Lomax.

In the same month, Kaleidoscope Film Distribution announced they had purchased Platform Entertainment and confirmed that they would split Manga UK off to become separately operated.

[20] As of September 2023, the relaunch did not happen as of yet, with some of Manga's titles like Ghost in the Shell being rereleased under the main Lionsgate banner.